Ouch. 33 million new shares printed and sold in the last year for roughly 3 million dollars, but isn't on the balance sheet.
Revenues actually went down and cost of goods went up.
The ghosting of products story is lame to blame. Even if someone tried to sell a product they didn't actually own, the company doesn't have to take the hit and they also don't have to lower prices because someone is ghosting product on amazon. The bottleneck story doesn't hold water either, just more words to pacify a weary shareholder base afraid to take action. Bottleneck = inexperienced.
As long as he issues shares under the guise of "debt conversions" and shows a weak balance sheet, it doesn't look tasty for class action suits.
Alot of excuses once again why the many new statements of hope issued last year again didn't happen.
86k of inventory write down last year of shareholder money, 28,000 dollar registration statement he isn't even sure he wants to do.
The new 6 million dollar "charity offer" that came in last minute will pacify people another 3 months. But it shouldn't.
But as long as news releases entice new buyers to believe a 16 year old story, keep flogging. It worked to raise hundreds of millions for for MD@hand. It worked for Accesss Healthnet, Caredecision, Instacare, Ramp Corp. and now DECN. Hundreds of millions of discounted share dollars. All poof.
The obvious irony investors should notice is that in almost every prior news release he states how shareholders will be rewarded shortly, shareholders will do well soon, shareholders will be royally rewarded for their patience, we look forward to shortly rewarding our long shareholders etc etc.
The ironic part is that the registration of potentially 170 million new shares at 4.9 cents negates every single comment about rewarding long time loyal shareholders. Because now anyone can buy it cheaper then 99.9 percent of the long term holders. The never ending comments about shortly rewarding long time shareholders was never true.
The registration statement makes shares cheaper for anyone buying in now then anyone who waited during the never ending false and misleading PR's over 20 plus years.
What kind of company sues everyone and every affiliation they ever did business with? Why so much hate, distrust and lack of desire to work with other entities and never ending suits?
He is using the money raised by shareholders to pay for these suits against them.
For a public company, this is operated like a private entity.
